A consortium including Blackstone Group and TPG is preparing to bid roughly $5.5 billion this week for manufacturing company Gates Global.
Morgans Hotel Group Co. eliminated at least one-third of its corporate staff Monday, as the company had indicated an intention to reduce costs.
Frederic Cilins was accused of trying to thwart a federal investigation into alleged bribery to win mineral rights in Guinea.
The Justice Department offered a lengthy defense of its antitrust settlement allowing the merger of AMR and US Airways, calling the agreement a "major victory for American consumers."
Chiquita of the U.S. and Fyffes of Ireland are merging to create the world's largest banana company, in an all-stock deal valued at about $1.07 billion.
General Motors Co. said Anton "Tony" Valukas will lead its internal investigation into why the auto maker waited almost a decade to recall vehicles for faulty ignition switches that have been linked to 13 deaths.
Qualcomm said executive vice president and group president Derek Aberle has been named president of the chip maker.
Petrobras raised $8.5 billion from the sale of overseas bonds as the oil company continues to borrow cash for its massive investment plan
Dennis Muilenburg says Boeing has made headway on efforts to win orders for its current-generation 777 ahead of the arrival of an upgraded version later this decade.
Barrick Gold said it plans to pare its stake in African Barrick Gold, the latest move by the miner to focus on its most profitable operations and pay down debt amid weak gold prices.